Reputed Philly mob boss held without bail

May 26, 2011 - 3:27 PM

PHILADELPHIA (AP) — The reputed boss of the Philadelphia mob has been ordered held without bail on charges he ran an illegal gambling and loan-sharking operation.

U.S. Magistrate Judge Timothy Rice denied bail Thursday for Joseph "Uncle Joe" Ligambi, noting Ligambi's criminal record and the seriousness of the charges. Rice also ordered another reputed mobster, Louis "Bent Finger Louie" Monacello, held without bail.

Ligambi and a dozen others are charged in an indictment unsealed this week. The alleged boss pleaded not guilty during an initial appearance Monday. Monacello pleaded not guilty in court Thursday.

Ligambi was previously convicted in a gangland slaying, but his conviction was later overturned and he was released in 1997.

Alleged underboss Joseph "Mousie" Massimino had been scheduled to appear Thursday, but his bail hearing was postponed.